WorthSafe

Adding liabilities

Debts, and the one setting that changes how your totals behave.

Adding a debt

Go to Liabilities and tap +. Enter what it is, who it is with, the current balance, and — for a loan — the original amount, the rate, and the monthly payment. For a credit card, the same field holds your credit limit instead.

Linking a debt to an asset

For a mortgage, car loan, or any other secured debt, set Secured by to the asset it is held against. This matters more than it looks:

If the asset is excluded from net worth, the debt is excluded too. Counting a car loan while ignoring the car would understate what you are worth.
Liquid net worth ignores debts secured against physical assets, so a linked mortgage is correctly left out of it.

Unlinked debts — credit cards, personal and student loans — always count against you in both totals.

If you do not link it The app still does something sensible. A debt whose type is inherently secured by property — a mortgage, a home equity line, an auto loan — is kept out of liquid net worth even when you have not linked it to a specific asset.

Keeping balances current

Loan balances fall every month. The quickest way to keep up is the Update Values button on the Dashboard, which lists your debts alongside your assets. See Keeping values current.

WorthSafe User Manual